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...It allows the regulator, Ofwat, or the secretary of state to appoint special administrators from private insolvency companies to manage the business in the case of a financial collapse so that essential...
...Signa Development itself entered insolvency three weeks later — on the final business day of the year....
...and Europe and “bring the business back to full health”....
...The Body Shop has appointed administrators for its UK arm, weeks after its new private equity owners took control of the business in a £207mn deal....
...Ted Baker is on the brink of collapse unless it finds a new business partner, casting doubt over the future of hundreds of high street jobs at the UK fashion brand....
...In 2021, it held talks over a potential £1.4bn takeover with the then UK-listed fund administration business Sanne. The business was ultimately acquired by Apex Group, another fund administrator....
...The Body Shop has appointed administrators for its UK arm, three months after its new private equity owners took control of the business in a £207mn deal....
...“The joint administrators will continue to assess the appropriate structure for the business as sale discussions progress,” said Teneo in a statement....
...The Body Shop appoints administrators for UK business...
...“The Body Shop is a business many of us grew up with,” Tristan Nagler, a partner at Aurelius, told the Financial Times in November....
...Administrators at EY said they are “exploring options for the sale of the business and assets”, which include electric vehicle platforms and intellectual property. Read more here...
...Aurelius indicated that they would be supportive of a CVA to rescue the business, the documents said....
...The UK arm of the business fell into administration earlier this year....
...Fruitless attempts to find a buyer for the stricken business, and ongoing efforts by the administrator to reconcile the various pension books acquired by Hartley over the years, have led to delays....
...Boeing executives have 90 days to develop a plan to fix “systemic quality-control issues”, said the US Federal Aviation Administration on Wednesday....
...Ted Baker said in a notice to the High Court this week that it intended to call in administrators. It is not alone....
...Federal Aviation Administration administrator Michael Whitaker will testify in a hearing that is likely to focus on oversight of Boeing....
...While LCF purported to use the funds to provide much-needed finance to small and medium-sized enterprises, “in reality most of the borrowers couldn’t really be said to be carrying on any business at all”...
...The same week last month that Aurelius placed the UK company in the hands of administrators, Trautwein told international staff that the German arm had also fallen into administration, according to two of...
...“It has always been clear to us that a fashion marketplace business would struggle to be profitable....
...But it’s really remarkable how, bar some small-scale bilateral deals in other countries to evade US financial sanctions, the dollar has remained the default for the world’s financial plumbing, banking and...
...Solutions could involve a debt-for-equity swap that would wipe out Thames Water’s current shareholders, a slide into special administration that would see external administrators seek new investors, or a...
...KaDeWe, Germany’s most famous and exclusive department store, filed for administration on Monday, becoming the latest casualty of René Benko’s crumbling property empire....
...The oversight programme, run by the US Federal Aviation Administration, came under scrutiny when two Boeing 737 Max 8s crashed in 2018 and 2019....
...On Tuesday Aurelius appointed FRP Advisory as administrators for The Body Shop’s UK business....
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